Andrew Grantham

Invoice Finance versus a Bank Overdraft

Banks don’t help

Over the last few years there has been a marked change in the stance of banks and their lending criteria, particularly for overdrafts, and this has been driven by both the economic climate but also changes in legislation which has eroded elements of the security value of the traditional mortgage debenture.

This has allowed the Invoice Finance market to step in and fill some of the vacuum.

What to look for in an Invoice Finance provider

With a plethora of Invoice Finance providers out in the marketplace, ranging from large bank-owned machines to small, niche providers, it is crucial that business owners make the right choice of provider for their business.

Whilst the products can appear to be very similar the delivery of the service varies greatly and can be critical to the success of a business.

When the gloves are off!

There are times in business when things don’t go according to plan and someone lands that sucker punch when you least expect it.

It’s at these critical moments when you need to be sure you can rely on your business partners to get you through.

Whether it’s the need for an urgent delivery from your main supplier, or the need for your key staff to work over a weekend to finish a job, business owners need to know they have the support they require in their corner.

Supporting the UK Print Industry

The printing sector was probably one of the most hard-hit sectors by the 2008 financial crash as corporate Britain cut back on costs wherever it was feasibly possible.

Although the economic outlook in 2016 had been better, printers continue to see cut backs on advertising and marketing collateral, meaning the requirement for printing and the services printers offer has decreased.

Equally many companies now do simple design and print jobs such as stationery in-house, which has consequently left a large number of printers chasing a diminished number of jobs.

Have you outgrown your overdraft?

The holidays are nearly over and it’ll be back to the grindstone for most business owners.

A quiet Summer break can be a welcome respite from the daily rigours of work, although many may have used the time to reassess their business finances, with some worrying conclusions about the coming second half of the year.

SME’s are increasingly finding their existing overdraft facilities too restrictive and, with banks being unwilling to lend more whilst also requiring more personal security and higher fees, are looking to secure alternative funding for their business.